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Firm Offers Integrated Technical and Management Support Services to Industry
Fairfax, Virginia,
January 14, 2009 - Today, ICF International (NASDAQ:ICFI) announced its strategy for helping companies comply with REACH (Registration, Evaluation, Authorisation, and Restriction of Chemicals), the European Commission’s new regulatory system for chemicals and their safe use. The law, which affects over 30,000 chemical substances, impacts companies that manufacture, import, or use these chemicals within the European Union (EU). Effective December 2008, such companies are required to begin registering substances with the European Chemicals Agency and participate in the full REACH evaluation process in order to market their products in Europe.
“REACH presents challenges and opportunities for organizations worldwide,” said Sudhakar Kesavan, ICF chairman and CEO. “Corporations conducting business in Europe will need to develop strategic plans for complying with the new regulations. ICF can help these companies by deciphering REACH requirements, developing milestones, supporting critical decision making, and helping them overcome compliance challenges.”
With far-reaching expertise in human health and ecological risk sciences, information technology, economic analysis, and organizational design, ICF stands ready to help corporations with all aspects of REACH compliance. ICF advises companies on a wide range of business decisions, such as anticipating regulatory impacts on competitors or leveraging REACH to expand market share.
“ICF understands the regulations behind REACH and how they impact our clients and their up- and downstream supply chains,” said Jay Hadley, ICF vice president and REACH coordinator.
“From toxicology, exposure, and risk experts to experienced IT professionals, we have the depth of experience and breadth of knowledge needed to help companies meet the demands of REACH compliance quickly and effectively,” added Rebecca Kauffman, ICF’s REACH manager in Brussels.
As part of its strategy, ICF has established a partnership with Penman Consulting BVBA—led by regulatory expert Mike Penman. ICF and Penman Consulting have teamed to provide project management and/or technical services to major REACH consortia, including the Lower Olefins and Aromatics REACH Consortium comprised of the largest global chemical companies. “Our in-house capabilities are complemented by Penman Consulting’s substantial industry experience,” continues Hadley. “Working together, we present a strong team capable of helping clients effectively and efficiently navigate the regulatory maze and meet critical deadlines with comprehensive REACH support.”
ICF will showcase its new service offerings at REACH USA 2009 in Houston, Texas, January 20-22, where Mike Penman will deliver a keynote address. Information on ICF’s REACH strategy is available at www.icfi.com/reach.
About ICF International
ICF International (NASDAQ: ICFI) partners with government and commercial clients to deliver consulting services and technology solutions in the energy, climate change, environment, transportation, social programs, health, defense, and emergency management markets. The firm combines passion for its work with industry expertise and innovative analytics to produce compelling results throughout the entire program life cycle, from analysis and design through implementation and improvement. Since 1969, ICF has been serving government at all levels, major corporations, and multilateral institutions. More than 3,000 employees serve these clients worldwide. ICF’s Web site is www.icfi.com.
FOR IMMEDIATE RELEASE
Lindsey Litton
1.571.265.1472
Caution Concerning Forward-looking Statements
This document may contain “forward-looking statements” as that term is defined in the Private Securities Litigation Reform Act of 1995—that is, statements related to future—not past—events, plans, and prospects. These statements involve known and unknown risks, uncertainties, and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by such forward-looking statements. In some cases, you can identify these statements by forward-looking words such as “guidance,” “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “seek,” “should,” “will,” “would,” or similar words. You should read statements that contain these words carefully because they discuss our future expectations, contain projections of our future results of operations or of our financial position, or state other forward-looking information, and are subject to factors that could cause actual results to differ materially from those anticipated. For ICF, particular uncertainties that could adversely or positively affect the Company’s future results include but are not limited to: risks related to the government contracting industry, including the timely approval of government budgets, changes in client spending priorities, and the results of government audits and investigations; risks related to our business, including our dependence on contracts with U.S. Federal Government agencies and departments and the State of Louisiana; continued good relations with these and other customers; success in competitive bidding on recompete and new contracts; performance by ICF and its subcontractors under our contract with the State of Louisiana, Office of Community Development, including but not limited to the risks of failure to achieve certain levels of program activities, termination, or material modification of the contract, and political uncertainties relating to The Road Home program; uncertainties as to whether revenues corresponding to the Company’s contract backlog will actually be received; the future of the energy sector of the global economy; our ability to attract and retain management and staff; strategic actions, including attempts to expand our service offerings and client base, the ability to make acquisitions, and the performance and future integration of acquired businesses; risks associated with operations outside the United States, including but not limited to international, regional, and national economic conditions, including the effects of terrorist activities, war, and currency fluctuations; and other risks and uncertainties disclosed in the Company’s filings with the Securities and Exchange Commission. These uncertainties may cause ICF’s actual future results to be materially different than those expressed in the Company’s forward-looking statements. ICF does not undertake to update its forward-looking statements.
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